Ultrack Systems Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2008	FY 2007	FY 2006	FY 2005	FY 2004
Period Ending	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006	Dec '05 Dec 31, 2005	Dec '04 Dec 31, 2004
Net Income	-	0.05	-0.39	-0.35	-0.24
Depreciation & Amortization	-	0.01	-	0	0
Stock-Based Compensation	-	-	-	0.01	-
Change in Accounts Receivable	-	-0.02	0.01	-0.02	-0.01
Change in Accounts Payable	-	0.09	0.03	0.12	0
Change in Other Net Operating Assets	-	-0.18	0.35	-0.06	-0.13
Operating Cash Flow	-	-0.05	0.01	-0.3	-0.37
Capital Expenditures	-	-0.02	-0	-0	-0.01
Other Investing Activities	-	-0.04	-0.08	-0.19	-
Investing Cash Flow	-	-0.06	-0.08	-0.19	-0.01
Long-Term Debt Issued	-	-	-	-	0.15
Net Debt Issued (Repaid)	-	-	-	-	0.15
Issuance of Common Stock	-	-	0.16	0.54	0.23
Financing Cash Flow	-	-	0.16	0.54	0.38
Net Cash Flow	-	-0.11	0.09	0.04	-0
Free Cash Flow	-	-0.07	0.01	-0.31	-0.38
Cash Interest Paid	-	0.02	0.03	-	0
Levered Free Cash Flow	-	0.41	-0.37	-0.14	-
Unlevered Free Cash Flow	-	0.42	-0.35	-0.14	-
Change in Net Working Capital	-	-0.54	0.11	-0.04	-

Source: S&P Global Market Intelligence. Utility template. Financial Sources.